Earnings Per Common Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The table below displays the calculation of basic and diluted earnings per common share ("EPS").

Basic and Diluted EPS

(Amounts in thousands, except per share data)

	Quarters Ended   March 31,
	2021		2020
Net income	$	45,023	$	19,606
Preferred dividends	(4,034)		—
Net income applicable to unvested restricted shares	(486)		(192)
Net income applicable to common shares	$	40,503	$	19,414
Weighted-average common shares outstanding:
Weighted-average common shares outstanding (basic)	113,098		109,922
Dilutive effect of common stock equivalents	773		443
Weighted-average diluted common shares outstanding	113,871		110,365
Basic EPS	$	0.36	$	0.18
Diluted EPS	$	0.36	$	0.18